UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2024
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
TB Alternative Assets Ltd.
Address:
2001, AGRICULTURAL BANK OF CHINA TOWER
50 CONNAUGHT ROAD CENTRAL, CENTRAL
HONG KONG, K3 NA
Form 13F File Number:
028-13681

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Shujun Li
Title:
Director
Phone:
(852) 3727-0300


Signature, Place, and Date of Signing:

/s/ Shujun Li
                         [Signature]
Hong Kong, HONG KONG
                 [City, State]
01-17-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
43
Form 13F Information table Value Total:
388383147
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ADVANCED MICRO DEVICES AMD USCOM00790310714,171,687117,325SHDFND117,325 0 0
AGNICO EAGLE MINES LTD AEM USCOM00847410819,114,368244,398SHDFND244,398 0 0
AIRBNB INC-CLASS A ABNB USCOM CL A0090661016,957,50252,945SHDFND52,945 0 0
ALPHABET INC-CL C GOOG USCAP STK CL C02079K10718,355,94096,387SHDFND96,387 0 0
AMAZON.COM INC AMZN USCOM0231351064,292,80419,567SHDFND19,567 0 0
AMERICAN EXPRESS CO AXP USCOM025816109589,1281,985SHDFND1,985 0 0
APPLE INC AAPL USCOM0378331004,169,49316,650SHDFND16,650 0 0
ASML HOLDING NV-NY REG SHS ASML USN Y REGISTRY SHSN0705921014,999,63721,642SHDFND21,642 0 0
BILIBILI INC-SPONSORED ADR BILI USSPONS ADS REP Z0900401061,732,81995,683SHDFND95,683 0 0
BLOCK INC SQ USCL A8522341033,529,55041,529SHDFND41,529 0 0
BOEING CO/THE BA USCOM09702310568,018,268384,284SHDFND384,284 0 0
CENTRUS ENERGY CORP-CLASS A LEU USCL A15643U1047,906,807118,703SHDFND118,703 0 0
CONSTELLATION ENERGY CEG USCOM21037T10910,811,68148,329SHDFND48,329 0 0
COSTCO WHOLESALE CORP COST USCOM22160K1051,851,7822,021SHDFND2,021 0 0
DELL TECHNOLOGIES -C DELL USCL C24703L2026,123,04753,133SHDFND53,133 0 0
DIREXION DAILY SEMI BULL 3X SOXL USDLY SCOND 3XBU25459W45817,011,017622,886SHDFND622,886 0 0
DIREXION DLY SM CAP BULL 3X TNA USDLY SMCAP BULL3X25459W8472,994,62971,505SHDFND71,505 0 0
DRX DLY FTSE CHINA BEAR 3X YANG USDAILY FTSE CHINA25461A460728,42010,406SHDFND10,406 0 0
DRX DLY FTSE CHINA BULL 3X YINN USDL FTSE BULL 3X25460G19519,161,587685,812SHDFND685,812 0 0
FULL TRUCK ALLIANCE -SPN ADR YMM USSPONSORED ADS35969L1084,368,748403,766SHDFND403,766 0 0
GRAYSCALE BITCOIN TRUST ETF GBTC USSHS REP COM UT3896371092,060,79127,841SHDFND27,841 0 0
INTUITIVE SURGICAL INC ISRG USCOM NEW46120E6021,343,5252,574SHDFND2,574 0 0
ISHARES SILVER TRUST SLV USISHARES46428Q109693,08526,323SHDFND26,323 0 0
KE HOLDINGS INC-ADR BEKE USSPONSORED ADS4824971049,336,803506,884SHDFND506,884 0 0
LIGHTINTHEBOX HOLDING-ADRSPONSORED ADR53225G201273,470162,780SHDFND162,780 0 0
MASTERCARD INC - A MA USCL A57636Q1041,996,7533,792SHDFND3,792 0 0
MICRON TECHNOLOGY INC MU USCOM5951121031,556,96018,500SHDFND18,500 0 0
MICROSTRATEGY INC-CL A MSTR USCL A NEW5949724084,079,29814,085SHDFND14,085 0 0
MOGU INC-ADRSPON ADS6080123081,495,347689,100SHDFND689,100 0 0
NETEASE INC-ADR NTES USSPONSORED ADS64110W1021,837,28020,595SHDFND20,595 0 0
OCCIDENTAL PETROLEUM CORP OXY USCOM67459910516,259,942329,082SHDFND329,082 0 0
PAYPAL HOLDINGS INC PYPL USCOM70450Y1037,986,88293,578SHDFND93,578 0 0
PDD HOLDINGS INC PDD USSPONSORED ADS72230410216,793,625173,148SHDFND173,148 0 0
REDDIT INC-CL A RDDT USCL A75734B100217,5391,331SHDFND1,331 0 0
SNAP INC - A SNAP USCL A83304A10645,390,2944,214,512SHDFND4,214,512 0 0
SNOWFLAKE INC-CLASS A SNOW USCL A833445109427,2522,767SHDFND2,767 0 0
SO-YOUNG INTERNATIONAL-ADRSPONSORED ADS83356Q1082,546,3353,067,873SHDFND3,067,873 0 0
TAL EDUCATION GROUP- ADR TAL USSPONSORED ADS8740801044,236,276422,782SHDFND422,782 0 0
TENCENT MUSIC ENTERTAINM-ADR TME USSPON ADS88034P1091,220,125107,500SHDFND107,500 0 0
VF CORP VFC USCOM9182041081,878,35187,528SHDFND87,528 0 0
WALT DISNEY CO/THE DIS USCOM25468710611,433,307102,679SHDFND102,679 0 0
YUNJI INC-ADRSPONSORED ADS A98873N30551,92332,250SHDFND32,250 0 0
ZILLOW GROUP INC - C Z USCL C CAP STK98954M20028,379,070383,242SHDFND383,242 0 0